small mention for key., page-2

"Key recently noted that the Kingia and High Cliff sandstones that played such a prominent role in both Waitsia and West Erregulla-2 are also expected to be the primary intervals within the Parce and other prospects within the southern areas of its L7 and EP 437 permits.L7 also hosts the Mount Horner oil field that was shut-in during 2011 due to high water production and aging infrastructure.

However, Key noted that oil shows in the deeper Permian-age reservoirs of the first wells in the high side closure were never followed-up.

The company has also mapped a number of Waitsia-style leads in a similar structural setting to that of Waitsia and the planned 3D seismic survey is expected to increase the resource potential of the area" by * .